Pi Network (PI) remained under pressure on Wednesday, sliding toward the $0.1000 mark and recording its fifth consecutive daily loss. The coin is down by nearly 7% in the last 24 hours as the broader crypto market retraces. Weakening retail participation, declining derivatives activity, and an increasingly bearish technical setup continue to weigh on the token’s short-term outlook. The latest decline comes as cryptocurrency markets navigate mixed investor sentiment, with renewed geopolitical tensions between the United States and Iran adding uncertainty across risk assets. Open Interest and funding rates signal weakening demand Retail sentiment toward Pi Network has deteriorated in recent sessions, according to derivatives data. Figures from CoinAnk show that PI Open Interest dropped to $9.
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